Housing Market Update – October 2021

Eric & Debra Ross
Published on October 26, 2021

Housing Market Update – October 2021

Welcome to the Monthly Market Report for October 2021. We want to give you the insights that you need to help confidently make the best decisions when buying and selling a home. We are your real estate advisors.

“Fall is usually the start of the slower season for the housing market, but nothing is usual in today’s pandemic-driven housing market. Potential homebuyers are seeing a slight rise in inventory and consequently rushing back into the fray.
Mortgage applications to purchase a home jumped 7% last week from the previous week. . . . That is the highest level since April of this year. ”
– Diana Olick
CNBC’s Real Estate Correspondent

Here are the 3 most important takeaways you need to know right now:

  1. Home Sales – It’s become challenging to forecast home sales for the rest of 2021.

2. Price Appreciation – Experts anticipate price appreciation to decelerate later this year.


3. Household Wealth – Homeowners are expected to see major gains in equity over the next five years.


Read all the details and download your complimentary Housing Market Update for October 2021 now. 👇

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